Tag: United States

Bittrex has aligned its arguments closely with those made by Coinbase. Cryptocurrency exchange Bittrex has submitted a motion to dismiss in its legal dispute with the United States Securities and Exchange Commission (SEC). In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly granted…

Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year. The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to…

Securities and Exchange Commissioner Hester Peirce discussed a possible United States crypto legal framework, giving a reminder that not all uses are financial. Cryptocurrency laws in the United States should be “reserved” and not regulate the technology as though every use is financial, a commissioner at the U.S. Securities and Exchange Commission has argued. On…

FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture. Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange. According to a June 28 report from The Wall Street Journal, FTX restructuring chief John Ray said…

Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do? The United States Secret Service has finally shed more light on its bizarre nonfungible token (NFT) collection sitting on OpenSea. The NFT collection was first revealed during a Reddit AMA on May 16, where…

The United States Supreme Court ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case on June 23. The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases. Plaintiffs in the…